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VIC › Dandenong › Hammond Rd

U1, 59 Hammond Rd, Dandenong VIC 3175

For saleUnit

$499,000–$548,900

For sale

Asking range

2

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $499,000–$548,900 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $499,000–$548,900(Listing record · 19 Feb 2026)
  • CalculationAsk is 34% below the Dandenong median recorded sale ($755,000, n=57, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Dandenong's advertised median rent ($463/wk), implied gross yield would be 4.82% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$499,000–$548,900

Asking range

No recorded sale for this property.

Dandenong at a glance

32,363

People

$755,000

Median sale

$463/wk

Median rent

3.19%

Suburb gross yield

Median sale from 57 recorded sales (last 12 months) — a Districts calculation.

See the full Dandenong report →

Vs Dandenong

-33.9%

Median sale

Suburb $755,000

+1.63 pp

Gross yield

Suburb 3.19%

Suburb median $755,000 from 57 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$499,000
Stamp Duty (Victoria)
$25,010
Transfer/Registration Fee
$1,272
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$528,982

$29,982 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Dandenong's advertised median rent — not a rent for this listing.

Net yield
3.32%
Annual cashflow (pre-tax)
$-9,357
Interest cover (DSCR)
0.64
Annual rent
$24,076
Operating expenses
$7,485
Loan amount
$399,200
Annual interest
$25,948
Gross yield
4.82%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$499,000–$548,900available19 Feb 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $463/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.8%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Dandenong in one glance

Dandenong at a glance

32,363

People

$755,000

Median sale

$463/wk

Median rent

3.19%

Suburb gross yield

Median sale from 57 recorded sales (last 12 months) — a Districts calculation.

See the full Dandenong report →

Keep researching

  • Why Dandenong? Read the area thesis →
  • What else is on the market in Dandenong →
  • Other records on Hammond Rd →

Listing material

Listed by Harcourts Asap Dandenong

HIDDEN GEM IN A QUIET FOUR — SMALL BLOCK, BIG CONVENIENCE !

If you've been searching for something affordable, low-maintenance and close to everything — congratulations, you've just found it. Perfect for first home buyers ready to step in and enjoy, this unit has all the features you need without the hassle.

Tucked away in a quiet block of only four (yes, just four — no high-rise chaos here), 1/59 Hammond Road, Dandenong delivers easy living in a location that does all the heavy lifting for you.

Step inside and you'll find a spacious, family-sized living area with timber floorboards underfoot — perfect for relaxing, entertaining or spreading out in comfort. The renovated kitchen and bathroom add modern style and convenience, while a split-system keeps the climate just right all year. The two generous bedrooms both feature built-in robes, and gas heating and cooking make everyday living practical and efficient.

Read the full description

Out the back, there's a secure, low-maintenance yard — just enough space to enjoy the outdoors without sacrificing your weekends to mowing. At the front is a gated/ secure entrance with security cameras, providing additional security and privacy

SUMMARY

Renovated, modern two-bedroom unit in a peaceful boutique block, ideal for first home buyers, offering comfort, convenience and outstanding value.

FEATURES

• Two spacious bedrooms with built-in robes

• Renovated kitchen with modern fittings

• Renovated bathroom

• Large, light-filled living area with plush carpets and timber floorboards

• Gas cooking and gas heating

• Split-system air conditioner

• Secure, easy-care rear yard

• Quiet block of only four

LOCATION

Moments from Central Dandenong, shops, schools and public transport, everything you need is practically at your doorstep.

First home buyers, downsizers, or savvy investors — this is smart buying in a seriously convenient spot. Blink and you might miss it.

Simply register to view one of our Open Inspection times and dates.

Disclaimer: Every effort has been made to ensure the accuracy of the information provided. Prospective purchasers are advised to carry out their own investigations.

Photo ID is required at our open home inspections for all attendees! Photographs may incorporate virtual furniture staging. All structures depicted remain unaltered.

Listing description written by Jason Choong, Harcourts Asap Dandenong — reproduced as published, not verified by Districts.

Property features

  • Living Areas: 1
  • Toilets: 1

Also look at

Also for sale in Dandenong

  • U2, 59 Hammond Rd, Dandenong VIC 3175

    2-bed unit. Asking $480K–$528K.

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  • 41 Hammond Rd, Dandenong VIC 3175

    5-bed house for sale. Currently listed.

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  • 83 Hammond Rd, Dandenong VIC 3175

    3-bed house for sale. Asking $850K–$935K.

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  • 1/6 Robert St, Dandenong VIC 3175

    3-bed townhouse. Asking $700K–$770K.

    For sale
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.